Topsail Wealth Management LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 161.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,567 shares of the footwear maker's stock after buying an additional 5,914 shares during the period. Topsail Wealth Management LLC's holdings in NIKE were worth $611,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA boosted its position in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in NIKE during the fourth quarter valued at approximately $30,000. EnRich Financial Partners LLC boosted its holdings in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC raised its holdings in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after buying an additional 201 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently weighed in on NKE. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Wall Street Zen lowered NIKE from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Royal Bank Of Canada cut their target price on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Needham & Company LLC upped their price target on NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Finally, Truist Financial lowered their price objective on NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.
Get Our Latest Research Report on NKE
NIKE Stock Performance
Shares of NYSE:NKE traded down $1.96 during midday trading on Friday, reaching $72.66. 12,749,362 shares of the company's stock traded hands, compared to its average volume of 15,232,906. The company has a market cap of $107.47 billion, a price-to-earnings ratio of 33.64, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The stock has a 50 day moving average of $63.78 and a 200 day moving average of $67.43.
NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.
NIKE Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. NIKE's payout ratio is 74.07%.
About NIKE
(
Free Report)
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.
Further Reading
Before you consider NIKE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.
While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
